DAVENPORT & Co LLC Purchases 12,212 Shares of Exelon Corporation $EXC

DAVENPORT & Co LLC increased its position in Exelon Corporation (NASDAQ:EXC) by 178.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,074 shares of the company’s stock after buying an additional 12,212 shares during the quarter. DAVENPORT & Co LLC’s holdings in Exelon were worth $831,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in Exelon by 32.9% during the 3rd quarter. Lazard Asset Management LLC now owns 22,446,103 shares of the company’s stock valued at $1,010,299,000 after buying an additional 5,554,494 shares during the period. ANTIPODES PARTNERS Ltd grew its holdings in Exelon by 134,604.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,557,532 shares of the company’s stock worth $160,137,000 after acquiring an additional 3,554,891 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Exelon by 164.3% in the second quarter. Canada Pension Plan Investment Board now owns 5,593,627 shares of the company’s stock valued at $242,875,000 after acquiring an additional 3,476,942 shares during the period. Allianz Asset Management GmbH increased its position in shares of Exelon by 170.8% in the third quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock valued at $202,742,000 after acquiring an additional 2,841,118 shares during the period. Finally, State Street Corp raised its stake in shares of Exelon by 4.0% during the second quarter. State Street Corp now owns 64,077,850 shares of the company’s stock valued at $2,782,260,000 after acquiring an additional 2,491,064 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EXC. BMO Capital Markets increased their target price on shares of Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Royal Bank Of Canada assumed coverage on Exelon in a report on Wednesday, January 7th. They set a “sector perform” rating and a $51.00 price target on the stock. Barclays lowered their price target on Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley reiterated an “underperform” rating and issued a $51.00 price objective on shares of Exelon in a research report on Wednesday, January 21st. Finally, Citigroup initiated coverage on Exelon in a research note on Thursday, March 26th. They set a “buy” rating and a $58.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Exelon has a consensus rating of “Hold” and an average price target of $51.40.

Exelon Trading Up 1.6%

NASDAQ:EXC opened at $49.11 on Tuesday. The company has a 50-day moving average price of $47.14 and a 200-day moving average price of $45.81. Exelon Corporation has a 12 month low of $41.71 and a 12 month high of $50.65. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66. The stock has a market cap of $50.25 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 2.81 and a beta of 0.45.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, February 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Exelon had a net margin of 11.41% and a return on equity of 9.97%. During the same quarter last year, the business posted $0.64 EPS. Exelon’s revenue was down 1.1% on a year-over-year basis. Exelon has set its FY 2026 guidance at 2.810-2.910 EPS. Equities analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s payout ratio is presently 61.54%.

Exelon Company Profile

Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.

Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.